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UdaipurOne hour agoAuthor: Gairav Dwivedi / Kailash Series
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Pramod Kumar Boob, Central Council Member of ICAI.
- CA’s 41st Regional Conference begins in Udaipur, 1200 CA Virtual and Physicals from 7 states participated
- CA Nilesh S., Director, PNB Housing and IIFL. Vikramse, CA Vijay Minister will address
The Indian Institute of Chartered Accountants of India (ICAI) is preparing for a major change in the pattern of CA exam. Now it is proposed to do 100% objective in the exam. At present, 30% of the paper is objective and 70% is subjective questions.
ICAI Central Council Member Pramod Kumar Boob, who reached the ICAI’s two-day conference for the first time in Udaipur, said in a special conversation with Bhaskar that it will take less time to check the copy with the objective pattern, which will also increase the chances of examination i.e. May and Examinations can also be conducted except in December.
According to Boob, another change can be seen. Now after the result comes, the candidate gets a copy in 70 days of application, but now he will be able to see the copy within 7 days. The examiner will also be tested before copy checking. The paper will have 25 questions, in which 18 questions have to be answered. Only those with 72% or more marks can check the copy.
Life Time Achievement Award to Omprakash Chaplot and Ashish Kothari
In the first technical session, Girish Ahuja, CA, Tax Guru, Delhi, explained the specifics of the Face Lace Assessment. He said that now your smallest information is available with the Income Tax Department. Your bank, travel, shopping everything is present in the system in view of artificial intelligence. In this case, take special care while assessing tax, otherwise there may be additional liability of tax and penalty in case of default.
In the second technical session, Advocate Jatin Harzai of Jaipur said that due to wrongly input tax credit and wrong bills, penalty may have to be multiplied by including GST as well as Income Tax Act. He said that it is a crime to issue a non-supply bill and a non-supply bill. Stringent provisions are being made in this regard by the government.
Omprakash Chaplot and CA Ashish Kothari were conferred with the Life Time Achievement Award for CSR activity at the conference. In the first technical session of the second day, ICAI’s former chairman PNB Housing and IIFL Director CA Nilesh S. from Mumbai. Vikramse Practice Management in Current Scenario, CA Vijay Minister Union Budget, Capital Market and Economy and in the last technical session, ICM’s CCM CA Pramod Jain of New Delhi will explain the Practice Aspects of Union Budget 2020-21.